Logistic Properties of the Americas and Strategic Partner Alas Complete Purchase of Puebla Logistics Facilities
The property comprises two operating logistics buildings totaling 257,700 square feet of gross leasable area, which are strategically located across from Volkswagen's largest manufacturing facility outside of Germany. The site plays a critical role in Mexico's supply chain, which has supported automotive production and exports to the U.S. and other Latin America countries for many years.
The Puebla property is anchored by and primarily leased to DHL, a global logistics leader, and is projected to generate approximately USD $1.6 million in annual net operating income. This transaction advances LPA's strategy to acquire mission-critical logistics assets that support essential, difficult-to-replace supply networks. Additionally, it lays the groundwork for future growth in Mexico through strategic, purpose-driven partnerships that emphasize differentiation and value creation.
'Our strategic partnership with Alas and initial co-investment are fundamental milestones in LPA's long-term expansion strategy that encompasses Mexico, enabling us to serve both current and future high-profile global clients like DHL,' said Esteban Saldarriaga, Chief Executive Officer of LPA. 'The partnership combines Alas's deep local market knowledge with LPA's proven operational and institutional expertise. The integration of the Puebla facilities into LPA's regional real estate platform showcases the power of strategic alliances to deliver sustained value in a high-demand logistics corridor.'
'We are proud to partner with LPA on this landmark transaction,' added Francisco Alvarez, Co-CEO of Alas. 'Our aligned vision and complementary strengths have enabled us to establish a foothold in one of the most strategically vital locations within Mexico's extensive industrial sector. This marks the first step to expand LPA's leading logistics real estate platform into Mexico, one that we believe has considerable growth potential as well as the capacity to deliver and generate substantial value over time.'
About Logistic Properties of the Americas
Logistic Properties of the Americas is a leading developer, owner, and manager of institutional quality industrial and logistics real estate in high-growth and high-barrier-to-entry markets in Central and South America. LPA's customers are multinational and regional e-commerce retailers, third-party logistic operators, business-to-business distributors, and retail distribution companies among others. LPA expects to continue its future growth with strong client relationships, and insight into and through the acquisition and development of high-quality, strategically located facilities in its target markets. As of June 30, 2025, LPA's operating and development portfolio was comprised of 33 logistics facilities in Costa Rica, Colombia and Peru totaling approximately 536,000 square meters (or approximately 5.8 million sq. ft.) of gross leasable area. For more information visit https://ir.lpamericas.com
Forward-Looking Statements
This press release contains certain forward-looking information, which may not be included in future public filings or investor guidance. The inclusion of forward-looking information in this press release should not be construed as a commitment by LPA to provide guidance on such information in the future. Certain statements in this press release may be considered forward-looking statements within the meaning of the U.S. federal securities laws. Forward-looking statements include, without limitation, statements about future events or LPA's future financial or operating performance. These forward-looking statements regarding future events and the future results of LPA are based on current expectations, estimates, forecasts, and projections about the industry in which LPA operates, as well as the beliefs and assumptions of LPA's management. These forward-looking statements are only predictions and are subject to known and unknown risks, uncertainties, assumptions and other factors beyond LPA's control that are difficult to predict because they relate to events and depend on circumstances that will occur in the future. They are neither statements of historical fact nor promises or guarantees of future performance. Therefore, LPA's actual results may differ materially and adversely from those expressed or implied in any forward-looking statements and LPA therefore caution against relying on any of these forward-looking statements.
These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by LPA and its management, are inherently uncertain and are inherently subject to risks variability and contingencies, many of which are beyond LPA's control. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (i) the possibility of any economic slowdown or downturn in real estate asset values or leasing activity or in the geographic markets where LPA operates; (ii) LPA's ability to manage growth; (iii) LPA's ability to continue to comply with applicable listing standards of NYSE American; (iv) changes in applicable laws, regulations, political and economic developments; (v) the possibility that LPA may be adversely affected by other economic, business and/or competitive factors; (vi) LPA's estimates of expenses and profitability; (vii) the outcome of any legal proceedings that may be instituted against LPA and (viii) other risks and uncertainties set forth in the filings by LPA with the U.S. Securities and Exchange Commission. There may be additional risks that LPA does not presently know or that LPA currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. Any forward-looking statements made by or on behalf of LPA speak only as of the date they are made. Except as otherwise required by applicable law, LPA disclaims any obligation to publicly update or revise any forward-looking statements to reflect any changes in their respective expectations with regard thereto or any changes in events, conditions or circumstances on which any such statement is based. Accordingly, you should not place undue reliance on forward-looking statements due to their inherent uncertainty.
Nothing within this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CNBC
15 hours ago
- CNBC
41-year-old American lives on $3,633 a month in France: 'I wish I had the courage to move sooner'
When Adriel Sanders first visited Paris in 2017, she immediately felt at home, she says. "It instantly clicked. I was like, 'This is your home. This is where you're supposed to be in the world and this is where you will always be. I knew I had to move to Paris," Sanders tells CNBC Make It. Sanders returned to Paris several times while continuing to work as a general counsel for a publicly traded company in Washington, D.C. At the time, she was earning $286,656 a year and lived in a studio apartment where she paid approximately $3,000 a month in rent, according to documents reviewed by CNBC Make It. "I didn't enjoy the work and the expectation to work all the time and I will probably be one of the only attorneys who says it, but I don't think it's that intellectually stimulating," Sanders says. "I was deeply and truly miserable at the very depths of my little heart and little soul. I knew that it was not sustainable." Three years after that initial trip to Paris, Sanders quit her job, broke her lease and started the process of obtaining a French visa. She landed in the city the day before France closed its borders due to the covid-19 pandemic. "The slowness of the world meant that France sped up. We were all operating from the same level of confusion, so the good thing is that I was confused by what was happening, but so was everyone else," Sanders says. "I arrived the day before the lockdown, so there was no one and it was a complete dystopia." When Sanders first moved, she lived in a few short-term rentals before signing a lease for a one-bedroom apartment. She paid 1,550 euros or $1,815 USD and lived in it for two years. Since moving out of that apartment, Sanders has been living in a two-bedroom, one-bathroom apartment where she pays $2,540 USD a month in rent. Since Sanders signed a lease for what is called an "unfurnished apartment," it meant that she had to spend money buying her own kitchen cabinets, stove and washing machine. She estimates that she spent about $5,000 on the kitchen and close to another $10,000 to make the place really feel like home. In addition to rent, Sanders spends, on average, about 933 euros or $1,093 USD on expenses, which include household bills like cable, internet, renter's insurance, dry cleaning, electricity and gas, private health insurance, groceries, and a Navigo transportation card. She also has an annual subscription to the Louvre, which costs 95 euros a year and a second museum card that can add an extra 50-100 euros a year to her expenses. Sanders also pays 1,069.20 euros, or approximately $1,252, annually to a guarantor service, which allows her to continue renting in France. Now that Sanders has been living in her apartment for over three years, she plans to revisit her search for a home to buy. She started looking two years ago, but stopped after touring many places that she felt were overpriced. "With the advice of friends who have recently purchased in Paris, I am determined again. Finding the right place will be a grind, but I am tired of renting in Paris," Sanders says. I desperately need more space and I want to get a dog." While Sanders wants to set down roots in Paris, she also hopes to eventually buy a home in the countryside too. "I don't think it would be nice to put a dog like a golden retriever in central Paris, where he doesn't have a backyard, so that is my dream," she says. Living in France has also inspired Sanders to finally pursue her real dreams of starting her own fashion brand, Adriel Felise. Sanders says she's taking $200,000 from her business account and $70,000 from her personal savings and putting that towards her new business venture. That money and her income from content creation is helping fund her dreams. "I love fashion and I'm so happy that I can now just say that and be upfront about it because for so long it was treated as something that made me less serious," she says. Sanders is self-funding the production of her initial samples and prototypes, but hopes to raise at least $2 million and have her 10-piece collection ready for launch in 2026. When Sanders was working as a lawyer, she used to take walks around her office building and dream about starting a fashion line, and now seeing it come to life still doesn't feel real. "There's still a part of me that strives and pushes for more so I don't know if I'm fully ready to say I'm proud but I feel like I'm actually happy, which I wasn't for so long and that's huge for me," she says. "My goal and desire is to inspire women — particularly black and brown women — to just pursue their dreams and goals. When they do it does not matter. The most important thing is that they be bold, move wisely, and just go for it." Since Sanders has been in France for about five years now, she says she doesn't think she'll ever go back to living in the United States. "I can't live there. I can't function like that. I can't go back to corporate America and holding my tongue every five seconds every day," she says. "I wish I had had the courage to move sooner. I wish I had the courage to do it after my first semester of law school to either drop out or enroll in business school and do something different that would have given me more options."
Yahoo
a day ago
- Yahoo
Cotton Leaks Lower into the Weekend
Cotton futures closed out the Friday session with contracts down 7 to 18 points, as December still managed to post a 94 point gain this week on the early half strength. The US dollar index was down another $0.383 to $97.720, as crude oil futures were down another $0.78. CFTC data showed a total of 1,931 contracts added to the managed money net short position as of Tuesday, taking it to 57,083 contracts on August 12. More News from Barchart Coffee Prices Soar to New 2-Month Highs Is the Corn Market a Buy? Coffee Prices Extend Weekly Rally to New 2-Month Highs Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. USDA's Export Sales data as the new crop book at 3.127 million RB, which is 28% of the full year USDA export forecast and behind the 45% average sales pace. The Seam reported 2,019 bales sold on the Thursday online auction at an average price of 68.32 cents/lb. The Cotlook A Index was back down 55 points at 79.40 cents on August 14. ICE cotton stocks were down 1,225 bales on 8/13 via decertifications, with the certified stocks level at 17,017 bales. USDA's Adjusted World Price (AWP) was back up 66 points on Thursday at 55.05 cents/lb. Oct 25 Cotton closed at 66.1, down 7 points, Dec 25 Cotton closed at 67.54, down 14 points, Mar 26 Cotton closed at 69.07, down 18 points On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
Business Upturn
a day ago
- Business Upturn
KPIT Technologies completes acquisition of Caresoft for $157 million
By Aditya Bhagchandani Published on August 16, 2025, 13:11 IST KPIT Technologies announced on Friday that it has completed the acquisition of Caresoft, finalizing the deal at a revised value of up to USD 157 million. The transaction covers Caresoft Global Technologies, Inc. USA, Caresoft Engineering Services Limited, UK, CAREGLOTECH de RL de CV Mexico, and OXI SRL Italy. The acquisition was first disclosed in May 2025 with an estimated deal size of USD 191 million. However, after negotiations and considering changes in the global business environment, the final consideration was reduced to USD 157 million, which also includes a USD 15 million variable pay component tied to revenue and business synergy milestones. Ahead of the completion, KPIT had infused EURO 28 million and USD 28 million into its UK and US subsidiaries, respectively, to strengthen the capital structure required for the acquisition. Following the satisfaction of all precedent conditions, KPIT Technologies (UK) Limited and KPIT Technologies Inc, USA have paid the initial consideration of USD 51 million to acquire full ownership of the Caresoft entities. This acquisition aligns with KPIT's strategy of strengthening its global presence in automotive engineering and expanding capabilities across the U.S., Europe, and Mexico. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
